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NASHVILLE, Tenn. — Primeritus
Financial Services revealed earlier this week that it has acquired The M. Davis
Co. Inc., which is the California-based company that includes USA Recovery and
Skip Masters.

Explaining more about The M. Davis Co. officials noted that
the company — located in El Dorado Hills, Calif. — is a full-service firm that
offers national repossession management, skip tracing, transport and vehicle
remarketing services via the USA Recovery and Skip Masters divisions.

Chief executive officer Matt Davis has taken on a position
with Primeritus' management team as chief operating officer.

"We are excited to welcome Matt and his team into the
Primeritus family," said Chuck Tapp, chief executive officer of Primeritus. "Matt Davis has built a
first-rate organization. Both USA Recovery and Skip Masters have earned an
outstanding reputation for client service and integrity in the automotive
finance community. The combined entities will further enhance the service
offerings and options for both our automotive and non-automotive finance
clients."

Davis added, "My team and I are extremely excited to join
with Primeritus to build the pre-eminent national indirect repossession
management and skip tracing company in the U.S. Based on a foundation of
exceptional customer service and performance, the combination with Primeritus
puts us on a track to accelerate our growth strategy and goals."

Cam Hitchcock, chairman of Primeritus, chimed in, noting,
"the acquisition of M. Davis Co. is the next step in Primeritus' strategy to
build the leading national recovery services and skip tracing platform for our
finance clients. Further, we continue to actively seek additional acquisitions
to further broaden our platform and service offering."